ICD and ASKEC plans to issue green Sukuk


The duo intends to collaborate on the structuring, arranging as well as marketing and issuing a green Sukuk for the benefit of the Al-Sharif Group & KEC Company (ASKEC) to be used to finance renewable energy projects.

The Islamic Corporation for the Development of the Private Sector (ICD) has partnered with ASKEC to explore the possibility of collaborating in structuring and arranging the issuance of a green Sukuk.

Ayman Sejiny, the CEO and General Manager of ICD, said, “ICD has a solid experience in advising on sovereign and non-sovereign Sukuk issuances in its member countries and we look forward to sharing our knowledge and expertise in this regard with ASKEC.”